795 E 42nd Place, Los Angeles, California 90011, Los Angeles, - bed, bath

home-pic
ACTIVE$995,000
795 E 42nd Place, Los Angeles, California 90011
0Bed
0Bath
3,027Sqft
5,192Lot
Year Built
2007
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
HD25244618
Home ConditionGood
Features
Excellent View: City Lights, Landmark, Panoramic
Patio
ViewCity Lights,Landmark,Panoramic

About this home

Incredible Income Opportunity in South LA that MUST BE SEEN! Welcome to the seller's SPACIOUS HOME with a LOWER PRICE offering MULTI-UNIT-STYLE living with excellent rental income POTENTIAL. Perfect for investors or extended FAMILIES, this versatile property is located just minutes from Downtown LA. The Residence features 3 Master Bedrooms and multiple living spaces including ( 4-Great BEDROOMS and 3-BATH ) 1-Bed, 1-Bath is on the Main Floor. RARE INVESTMENT opportunity! that on the First Floor one master bedroom has been converted into a Studio Apartment with its own kitchenette, on the Second Floor Conversion, one master bedroom has been converted into a 2-Bedroom, 1-Bath UNIT with its own combined living-dining area. Each Living Space Features its OWN SEPARATE ENTRANCE, providing FLEXIBLE USE options: Such as Multi-Family Living with 3,027 Sqft, 2 reliable income streams already in place or a better future just generating INCOME. PLUS a beautiful elevated cityscape VIEW of Los Angeles Skyline. PARKING!! 6 GATED PARKING SPACES in the back and carport for two, an ample front yard, with driveway for EXTRA parking in the front. A (LAR2 Zoned) Lot offers further potential for ADU or expansion (buyer to verify with city). This is a RARE find with FLEXIBLE use options and reliable income streams already in place. Conveniently located near major freeways, schools, public transportation and local amenities.

Nearby schools

2/10
Harmony Elementary School
Public,K-50.1mi
3/10
Wadsworth Avenue Elementary School
Public,K-50.2mi
3/10
Sally Ride Elementary: A Smart Academy
Public,K-50.4mi
4/10
Ricardo Lizarraga Elementary School
Public,K-50.4mi
4/10
Quincy Jones Elementary School
Public,K-50.5mi
3/10
Trinity Street Elementary School
Public,K-50.6mi
2/10
Forty-Ninth Street Elementary School
Public,K-50.6mi
/10
Maple Primary Center
Public,K-10.8mi
3/10
Twenty-Eighth Street Elementary School
Public,K-50.8mi
5/10
Dolores Huerta Elementary School
Public,K-51.0mi
4/10
Nevin Avenue Elementary School
Public,K-51.0mi
5/10
West Vernon Avenue Elementary School
Public,K-51.1mi
5/10
Twentieth Street Elementary School
Public,K-51.3mi
5/10
San Pedro Street Elementary School
Public,K-51.6mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,K-51.6mi
5/10
Menlo Avenue Elementary School
Public,K-51.6mi
/10
Dr. James Edward Jones Primary Center
Public,K-21.8mi
4/10
Norwood Street Elementary School
Public,K-52.2mi
2/10
John W. Mack Elementary School
Public,K-52.3mi
3/10
George Washington Carver Middle School
Public,6-80.3mi
2/10
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public,6-81.0mi
3/10
William Jefferson Clinton Middle School
Public,6-81.1mi
4/10
John Adams Middle School
Public,6-81.2mi
2/10
John Muir Middle School
Public,6-82.2mi
2/10
Barack Obama Global Preparation Academy
Public,6-82.8mi
2/10
Thomas Jefferson Senior High School
Public,9-120.6mi
3/10
Nava College Preparatory Academy
Public,9-120.6mi
5/10
Santee Education Complex
Public,9-121.5mi
3/10
Manual Arts Senior High School
Public,9-121.7mi
4/10
West Adams Preparatory High School
Public,9-122.8mi

Price History

Date
Event
Price
10/21/25
Listing
$995,000
05/30/06
Sold
$390,000
04/03/96
Sold
$117,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (31 Listings)
Beds03
Baths02
Square foot3,0271,219
94%
Lot Size5,1925,174
50%
Price$995K$550K
94%
Price per square foot$329$498
9%
Built year20079555956
97%
HOA
Days on market15194
3%
Condition Rating
Good

Built in 2007, this property is 17 years old, placing it within the 'Good' category's age range. It appears well-maintained with consistent wood laminate flooring throughout. The main kitchen features functional stainless steel appliances but has traditional wood cabinets and dated countertops. The bathrooms are also functional with basic, somewhat dated tiling and fixtures. While the property is move-in ready and offers versatile multi-unit living, the kitchen and bathrooms show signs of being outdated in style, and the presence of visible window AC units suggests a less modern cooling system. It's a solid, functional property, but not recently renovated to contemporary standards.
Pros & Cons

Pros

Strong Income Potential: The property is explicitly marketed as an 'Incredible Income Opportunity' with 'MULTI-UNIT-STYLE living' and '2 reliable income streams already in place,' featuring separate entrances for each converted unit, making it highly attractive to investors.
Exceptional Parking Capacity: A significant advantage in Los Angeles, the property offers '6 GATED PARKING SPACES in the back and carport for two,' plus 'driveway for EXTRA parking in the front,' providing ample parking for multiple tenants or large families.
Development & Expansion Potential: The 'LAR2 Zoned Lot offers further potential for ADU or expansion,' providing future value appreciation and flexibility for a buyer to increase density or living space (subject to city verification).
Strategic Location & Views: Conveniently located 'just minutes from Downtown LA' with 'beautiful elevated cityscape VIEW of Los Angeles Skyline,' offering both accessibility to urban amenities and desirable aesthetic appeal.
Spacious & Flexible Layout: With 3,027 Sqft and a configuration including '3 Master Bedrooms and multiple living spaces,' the property is versatile for 'extended FAMILIES' or continued multi-unit rental, enhancing its market appeal.

Cons

Potential Overpricing: The current listing price of $995,000 is 4% higher than the estimated property value of $949,794.71, which may indicate it is priced above current market estimations and could affect buyer interest or negotiation.
Mixed School Ratings: While some elementary schools have high ratings, several nearby middle and high schools, as well as some elementary schools, have lower ratings (2s and 3s), which could be a concern for families prioritizing top-tier public education.
Unverified Unit Conversions: The description highlights conversions of master bedrooms into a studio apartment and a 2-bedroom unit; buyers would need to verify if these modifications are fully permitted and up to code, which could entail additional costs or risks.

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